DECISION MAKING SKILLS SWOT ANALYSIS • SWOT Analysis is a useful technique for understanding your Strengths and Weaknesses, and for identifying both the Opportunities open to you and the Threats you face. STRENGTHS • What advantages do you have that others don't have (for example, skills, certifications, education, or connections)? • What do you do better than anyone else? • What personal resources can you access? • What do other people (and your boss, in particular) see as your strengths? • Which of your achievements are you most proud of? • What values do you believe in that others fail to exhibit? • Are you part of a network that no one else is involved in? If so, what connections do you have with influential people? WEAKNESSES • What tasks do you usually avoid because you don't feel confident doing them? • What will the people around you see as your weaknesses? • Are you completely confident in your education and skills training? If not, where are you weakest? • What are your negative work habits (for example, are you often late, are you disorganized, do you have a short temper, or are you poor at handling stress)? • Do you have personality traits that hold you back in your field? For instance, if you have to conduct meetings on a regular basis, a fear of public speaking would be a major weakness. OPPORTUNITIES • What new technology can help you? Or can you get help from others or from people via the Internet? • Is your industry growing? If so, how can you take advantage of the current market? • Do you have a network of strategic contacts to help you, or offer good advice? • What trends (management or otherwise) do you see in your company, and how can you take advantage of them? • Are any of your competitors failing to do something important? If so, can you take advantage of their mistakes? • Is there a need in your company or industry that no one is filling? • Do your customers or vendors complain about something in your company? If so, could you create an opportunity by offering a solution? Cont… • You might find useful opportunities in the following: • Networking events, educational classes, or conferences. • A colleague going on an extended leave. Could you take on some of this person's projects to gain experience? • A new role or project that forces you to learn new skills, like public speaking or international relations. • A company expansion or acquisition. Do you have specific skills (like a second language) that could help with the process? • Also, importantly, look at your strengths, and ask yourself whether these open up any opportunities – and look at your weaknesses, and ask yourself whether you could open up opportunities by eliminating those weaknesses. THREATS • What obstacles do you currently face at work? • Are any of your colleagues competing with you for projects or roles? • Is your job (or the demand for the things you do) changing? • Does changing technology threaten your position? • Could any of your weaknesses lead to threats?